Trading news

Trading Analysis 18th July 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1596.9 - $ 1611.7 - $ 1624.7

Support Levels:
$ 1569.1- $ 1556.1 - $ 1541.3

Strategy:
Sell on Strength

Sell at $1593, target $1568. Use a stop loss of $1606.Use a stop loss of $1606. Use a stop loss of $1606. Use a stop loss of $1606.

Use a stop loss of $1606.Building Permits @ 1730, Housing Starts @ 1730, Beige Book @ 2300 (GMT + 5)

CAUTION: BERNANKE TESTIFIES @ 1900 (GMT + 5)Use a stop loss of $1606.

Silver:
Resistance Levels:
$ 27.670 - $ 28.070 - $ 28.545


Support Levels:
$ 26.795 - $ 26.320 - $ 25.920

Strategy:
Sell on Strength

Sell at $27.55, target $26.85. Use a stop loss of $27.8.

Crude Oil:
Resistance Levels:
$ 89.92 - $ 90.72 - $ 91.97

Support Levels:
$ 87.87 - $ 86.62 - $ 85.82

Strategy:

Buy on Dips

Buy at $87.85, target $91.00. Use a stop loss of $86.35.

 

Crude Oil Inventories @ 1930 (GMT + 5)

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0345 - $ 1.0373 - $ 1.0429

Support Levels:
$ 1.0261 - $ 1.0205 - $ 1.0177

Strategy:
Buy on Dips

GBPUSD :
Resistance Levels:

$ 1.5702- $ 1.5753 - $ 1.5827

Support Levels:

$ 1.5577 - $ 1.5503 - $ 1.5452

Strategy:
Buy on Dips

EURUSD :
Resistance Levels:

$ 1.2344 - $ 1.2394 - $ 1.2472

Support Levels:
$ 1.2216 - $ 1.2138 - $ 1.2088

Strategy:
Buy on Dips

Wednesday, 18 Jul, 2012 / 6:55

Source : http://www.acmgold.com/news-analysis

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